Nationwide: Lack of new homes could keep prices rising

29th January 2016

Nationwide has warned that house prices are set to continue rising through 2016. Average house price growth eased to 0.3% this month from December's eight-month high of 0.8%. Robert Gardner, chief economist at the building society, said the pace of growth remained broadly stable: "The concern remains that construction activity will lag behind strengthening demand, putting upward pressure on house prices and eventually reducing affordability." Nationwide said the average price of a property in the UK was £196,829 in January.

The Daily Telegraph (28/01/2016)